MakeMyTrip Q2 tops Wall Street view

MakeMyTrip, the largest online travel booking company in India, reported quarterly results that beat analysts' expectations helped by higher sales in its air ticketing business.

The company, which went public a little more than a year ago, reported second-quarter earnings of $74,240 or roughly break even on a per share basis, compared with a loss of $1.8 million, or 7 cents a share a year ago.

Excluding items, it earned 4 cents a share. Analysts, on average, were expecting earnings of 3 cents a share.